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The objective of
Express Ventures is
to be the first stop
for San Diego
entrepreneurs
looking to create
best-of-breed
startup technology
companies. The
Express Ventures
team intends to
react quickly to
entrepreneurs and
reach decisions
based on rapid
company and market
due diligence. The
process used in
evaluating a
prospective
investment will
consist of the
following steps:
-
Introduction to
Express -
The best way to
get our
attention is
through someone
in your network
that knows us.
Often, this is a
CEO, or attorney
that we know and
trust. If you
cannot get
connected with
us this way,
send us an email
with your
executive
summary.
- Initial
Review – One or
more partners will
review an executive
summary and/or
presentation. Brief
market, technology
and team checks may
be conducted with
known, friendly
experts. A decision
can be made to move
forward with the
process or to direct
the prospect to
other local
resources capable of
providing company
guidance.
- Company
Presentation –
The company will
present a funding
proposal to one or
more partners. The
presentation should
be approximately 20
minutes followed by
40
minutes of
discussion. The
presenters should be
prepared to answer
any questions
regarding team,
market and
technology. Again, a
decision will be
reached quickly if
the process should
continue.
- Due Diligence
– The company will
be asked to present
to all the partners
and any acceptable,
friendly reviewers
in a similar 90
minute format with
the intent to gain
the insight into
specific risks
facing the business.
Express Ventures
will create a due
diligence plan and
specific company
issues will be
identified. The
company is expected
to quickly address
the identified
issues. Additional
meetings will occur
to review progress
and establish goals.
The partners will
carefully consider
the case for making
an investment and
reach a decision as
quickly as possible.
- Investment
– A decision to make
an investment will
result in the
delivery of a term
sheet describing the
form and terms of
the investment. If
these terms are
acceptable to the
company, legal
documents will be
produced and
executed.
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